Philip Morris International (PM) Net Long-Term Debt Issued (Repaid) (2009 - 2026)
Philip Morris International's Non-Current Debt was $41.71 billion in Q3 2026, down 0.4% from $41.86 billion a year earlier and down 1.6% from the prior quarter.
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Analysis
Philip Morris International (PM) Net Long-Term Debt Issued (Repaid) (2009 - 2026) Analysis & Trends
At the end of FY2025, Non-Current Debt at Philip Morris International came in at $45.13 billion, up 7.0% from FY2024.
- Non-Current Debt has now increased for four consecutive years, with a five-year compound annual growth rate of 9.9% (FY2020 to FY2025).
- In earlier years, Non-Current Debt was $42.17 billion in FY2024 (+2.2%), $41.24 billion in FY2023 (+18.3%), $34.88 billion in FY2022 (+40.7%) and $24.78 billion in FY2021 (-12.0%).
- The Q3 2026 figure marks the lowest quarterly Non-Current Debt since Q1 2025.
- Compared with a year earlier, Non-Current Debt was higher in three of the last eight quarters, with an average decline of 0.2%.
- The best year-over-year quarter for Non-Current Debt over five years was Q3 2023 (growth of 97.2%); the worst was Q2 2022 (a decline of 18.5%).
- Per Business Quant data, PM's Non-Current Debt in the three quarters before Q3 2026 was $42.37 billion (Q2 2026), $43.81 billion (Q1 2026) and $45.13 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net LT Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 303.52 Bn | 280.52 Bn | 7.85 Bn | -566.00 Mn |
| 2 | British American Tobacco p.l.c | 132.82 Bn | 111.64 Bn | - | - |
| 3 | Altria | 126.54 Bn | 113.47 Bn | 3.94 Bn | -500.00 Mn |
| 4 | Curaleaf Holdings | 2.37 Bn | 2.00 Bn | 170.48 Mn | 7.65 Mn |
| 5 | Trulieve Cannabis | 2.11 Bn | 729.12 Mn | 162.29 Mn | - |
| 6 | RLX Technology | 1.96 Bn | -1.30 Bn | - | - |
| 7 | Green Thumb Industries | 1.45 Bn | 214.02 Mn | 146.79 Mn | -5.98 Mn |
| 8 | Cronos | 1.30 Bn | -1.97 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.27 Bn | 375.50 Mn | 93.70 Mn | - |
| 10 | Tilray Brands | 363.35 Mn | -604.15 Mn | 77.51 Mn | -8.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -566.00 Mn |
| Jun 30, 2026 | -401.00 Mn |
| Mar 31, 2026 | -2.14 Bn |
| Dec 31, 2025 | 407.00 Mn |
| Sep 30, 2025 | -750.00 Mn |
| Jun 30, 2025 | 2.85 Bn |
| Mar 31, 2025 | -822.00 Mn |
| Dec 31, 2024 | 526.00 Mn |
| Sep 30, 2024 | -569.00 Mn |
| Jun 30, 2024 | -1.28 Bn |
| Mar 31, 2024 | 4.66 Bn |
| Dec 31, 2023 | -517.00 Mn |
| Sep 30, 2023 | 2.31 Bn |
| Jun 30, 2023 | 1.10 Bn |
| Mar 31, 2023 | 4.52 Bn |
| Dec 31, 2022 | 5.22 Bn |
| Sep 30, 2022 | -1.48 Bn |
| Jun 30, 2022 | -1.00 Mn |
| Mar 31, 2022 | -496.00 Mn |
| Dec 31, 2021 | -1.06 Bn |
API Access
Philip Morris International Net Long-Term Debt Issued (Repaid) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-debt&ticker=PM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "ticker": "PM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-debt&ticker=PM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();